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Pricing

2022
Exports $246MWorld Rnk 40 / 223
Flag Rnk 48 / 1127
2022
Destination $25.6M United States
2021 - 2022
FASTEST GROWING MARKET $25.6MFrance
2022
PRODUCT COMPLEXITY IN Other Furniture0.34Rnk 424 / 1025
2022
Imports $1.03BWorld Rnk 24 / 225
Flag Rnk 26 / 1201
2022
Origin $147M China
2021 - 2022
FASTEST GROWING ORIGIN $147MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $246M in Other Furniture, making it the 40th largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 48th most exported product in Philippines. The main destination of Other Furniture exports from Philippines are: United States ($101M), Japan ($73.5M), France ($28.7M), Netherlands ($11.2M), and United Arab Emirates ($3.85M).

The fastest growing export markets for Other Furniture of Philippines between 2021 and 2022 were France ($25.6M), Burma ($1.53M), and Australia ($574k).

Imports In 2022, Philippines imported $1.03B in Other Furniture, becoming the 24th largest importer of Other Furniture in the world. At the same year, Other Furniture was the 26th most imported product in Philippines. Philippines imports Other Furniture primarily from: China ($831M), United Arab Emirates ($66M), Malaysia ($57.8M), Italy ($12.3M), and Thailand ($6.49M).

The fastest growing import markets in Other Furniture for Philippines between 2021 and 2022 were China ($147M), Malaysia ($23M), and United Arab Emirates ($4.67M).

COMPANIES In 2023, leading companies such as Arhaus (42), Euromarket Designs (16), and Badcock Home Furniture (4) were at the forefront of shipping Other Furniture from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Furniture exports accounted up to $10.2M and imports accounted up to $5.35M, resulting in a positive trade balance of $4.84M. Between June 2023 and June 2024 the exports of Philippines'   Other Furniture have increased by $2.24M (28.2%) from $7.95M to $10.2M, while imports decreased by $-37.6M (-87.5%) from $42.9M to $5.35M.

Destinations In June 2024, Other Furniture were exported mostly to United States ($5.68M), Netherlands ($2.91M), Germany ($433k), Italy ($214k), and Japan ($183k), and were imported mostly from Japan ($1M), Italy ($642k), Singapore ($588k), Thailand ($538k), and South Korea ($454k).

Growth In June 2024, the increase in Other Furniture's year-by-year exports was explained primarily by an increase in exports to Netherlands ($240k or 12%), United Arab Emirates ($137k or 74.8%), and China ($137k or 5.25k%). In June 2024, the decrease in Other Furniture's year-by-year imports was explained primarily by a decrease in imports from China ($-1.06M or -4.56%), Japan ($-648k or -40%), and Chinese Taipei ($-642k or -66.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$2.24M(28.2%)
IMPORT GROWTH (June 2023 - June 2024)$-37.6M(-87.5%)
MAIN DESTINATION (June 2024)United States$5.68M

This section shows Other Furniture's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Other Furniture over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$246M
IMPORTS (2022)$1.03B
NET TRADE (2022)-$779M

In 2022, Philippines exported $246M in Other Furniture. The main destinations of Philippines exports on Other Furniture were United States ($101M), Japan ($73.5M), France ($28.7M), Netherlands ($11.2M), and United Arab Emirates ($3.85M).

In 2022, Philippines imported $1.03B in Other Furniture, mainly from China ($831M), United Arab Emirates ($66M), Malaysia ($57.8M), Italy ($12.3M), and Thailand ($6.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
France$25.6M (825%)
Burma$1.53M (1.13k%)
Australia$574k (34.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY Philippines WERE (2021 - 2022):
Japan-$7.88M (-9.68%)
United States-$3.95M (-3.77%)
Austria-$1.46M (-97.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Furniture were:
China $36.6B
Vietnam $9.13B
Germany $8.79B
In 2022, Philippines's main importing competitors in Other Furniture were:
United States $31.4B
Germany $8.81B
France $6.68B

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $68.2M
TOP IMPORT POTENTIALChina+ $57.2M

Other Furniture’s highest export potential is United States. With an export gap of $68.2M.   Other Furniture’s highest import potential is China with an import gap of $57.2M.

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